21/02/2014
LETS SEE HOW MUCH DO YOU KNOW?
1. Which forecasting technique gives more weight to newer data and less weight to older data?
a. Time series analysis
b. Exponential smoothing
c. Multiple regression analysis
d. Payback technique
2. Organizations use Kaizen budgeting to...
a. allocate funds and resources to projects
b. determine how the budget will attain the organization's goals
c. continually improve the budgeting process
d. allocate funds and resources based on activity or process
3. A master budget's purpose is to...
a. control the day to day operations of the organization
b. determine the goals of the organization for a 10 year period
c. allocate resources for capital expansion
d. allow for changes in the budget based on performance
4. What is the major difference between a static budget and a flexible budget?
a. The budget period used to forecast production results
b. The types of revenues and costs associated with the projected production
c. The ability to modify budget figures based on actual production
d. The number of production levels that are used in the forecast
5. Which of the following is NOT considered part of the production budget?
a. Manufacturing costs
b. Distribution costs
c. Inventory levels
d. Supervisor salaries
THE ANSWERS WILL B DISPLAYED SOON.....